I am not well enough to travel far from Binfield. What is the rationale as to why all Binfield conveyancers aren't included on all lender panels?

Mortgage companies highlight the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its conclusions included recommendations for mortgage companies to review their conveyancing panels, which triggered a major policy change in the sector. It led to mortgage companies pruning a number of firms from their panel of approved conveyancers .

Are you able to vouch for a Virgin Money approved Binfield conveyancing conveyancer that can complete within a short deadline? Am I best advised to choose a local Binfield practice or a nationwide conveyancer?

We would be happy to suggest some excellent Binfield conveyancing firms. You can also walk up the high street in Binfield. Approach two or three firms and request to see a conveyancing solicitor for a costs illustration. Explain your requirements together with your reasons and get a commitment on speed. Appoint the lawyer that appears most efficient.

In what way does my ID and proof of funds have anything to do with my conveyancing in Binfield? Why is this being asked of me?

You are right in these requests have nothing to do with conveyancing in Binfield. Nowadays you can not proceed with any conveyancing deal in the absence submitting evidence of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Please note that if you are supplying your driving licence as proof of ID it needs to be both the paper element as well as the photo card part, one is not satisfactory in the absence of the other.

Evidence of your origin of money is necessary under Money Laundering Regulations. Don’t be offended when when this is requested of you as your lawyer will need to have this information on record. Your Binfield conveyancing practitioner will need to see evidence of proof of funds prior to accepting any money from you into their client account and they will also ask additional queries regarding the source of funds.

I am looking into buying my first house which is in Binfield and I am already nervous. I couldn't find anything specific about Binfield. Conveyancing will be needed in due course but do you know about the Binfield area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Binfield. In the meantime here are some basic statistics that we found

I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable price which is making it more attractive. I have just found out that the title is leasehold as opposed to freehold. I am assuming that there are issues buying a leasehold house in Binfield. Conveyancing lawyers have are about to be instructed. Will they explain the issues?

Most houses in Binfield are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are buying in Binfield so you should seriously consider shopping around for a Binfield conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a service charge towards the upkeep of the estate where the property is located on an estate. Your solicitor will appraise you on the various issues.

Leasehold Conveyancing in Binfield - A selection of Questions you should ask Prior to buying

Plenty Binfield leasehold flats will incur a service bill for maintenance of the building set by the freeholder. Where you buy the apartment you will have to meet this contribution, normally quarterly throughout the year. This could be anything from two or three hundred pounds to thousands of pounds for buildings with lifts and large common areas. There will also be a rentcharge for you to pay annual, this is usually not a significant figure, say approximately £50-£100 but you need to check it because sometimes it could be many hundreds of pounds. Please inform me if there are any major works on the horizon that will increase the service costs? Where a Binfield lease has no more than 80 years it will impact the value of the flat. Check with your lender that they are willing to go ahead with the loan given the lease term. A short lease means that you will almost definitely need a lease extension sooner rather than later and it is worth finding out how much this will be. For most Binfieldlease extensions you would need to own the property for 24 months before you are legally able to exercise a lease extension.